Kashable Raises $60 Million in Series C Funding Round
Kashable, a fintech company providing socially responsible credit and financial wellness programs for employees, secured $60 million in a Series C funding round led by Goldman Sachs Alternatives’ Sustainable Investing, according to Crunchbase News. The round included participation from existing backers Revolution and EJF Ventures, and Goldman Sachs committed up to $50 million, with an initial $25 million investment and another $25 million to follow subject to conditions.
Funding Details and Company Background
This financing brings Kashable’s total equity and debt raised to more than $450 million since its founding in 2013. The New York-based company, which offers low-cost loans and financial wellness services integrated with employers’ HR and payroll systems, tripled its valuation since its January 2024 Series B raise, though the exact figure remains undisclosed. Kashable’s loans are designed as an alternative to high-interest credit cards or payday loans, providing better rates through employer facilitation and including services like credit monitoring and financial coaching.
Growth and Operations
Kashable has grown more than 40% year over year in 2026 and has funded nearly $2 billion in loans, with expectations to surpass $500 million in loan volume for that year alone, as stated by co-CEO and co-founder Rishi Kumar. The company is profitable and has been for several years, with its revenue model based on interest and fees from loans and administrative fees from employers for customized programs. Its platform serves over 4 million employees across more than 600 employers, including organizations like Kraft Heinz, Amazon, Stanley Black & Decker, UPS, IKEA, Cigna, Kohler, the State of Illinois, Temple University, and San Mateo County in California.
Investor Perspective and Market Trends
Greg Shell, partner and head of inclusive growth at Goldman Sachs Alternatives, highlighted that the investment supports Kashable’s mission to provide essential liquidity on fair terms, helping working Americans manage financial pressures without predatory debt. Shell noted that Kashable’s integration with payroll systems allows for lower loss rates and better credit assessments, enabling lower interest rates for borrowers. According to Crunchbase News, this funding aligns with a broader trend in fintech, where global funding to VC-backed financial technology startups reached $53.8 billion in 2025, up from $41.6 billion in 2024—reflecting a widely-known increase in sector investment driven by demand for innovative financial solutions.
